Despite decades of government aid and charitable giving, economic growth in frontier markets remains stagnant. How can we change this picture? From credit enhancements to advance market commitments, donors are looking for new, innovative tools to encourage more effective and predictable aid flows. Market-based approaches that align the interests of donors, local governments and the private sector are becoming increasingly popular in the philanthropic world. Traditional up-front grant-making is increasingly being supplemented (or even supplanted) by the use of "pull mechanisms," in which donors provide funding only after specified outcomes are achieved. The panel will discuss models that incentivize investment in developing countries to promote entrepreneurship and support sustainable economic growth.
Executive Director, Financial Research, Milken Institute
Associate Program Officer, Development Finance and Economic Policy, Bill & Melinda Gates Foundation
Director, Multilateral and Innovative Financing, World Bank
Chief Innovation Officer, U.S. Agency for International Development (USAID)